fannie mae: Your tax dollars at work?
- 03/02/12 04:18 AM
I just caught an article from a couple of days ago, about the $50 MILLION dollars spent...of your taxes....on defending former execs of Fannie and Freddie.

One line should do it for you: "According to a recent analysis by the Federal Housing Finance Agency’s inspector general, $37 million alone was spent defending three former Fannie Mae executives against claims of securities fraud." Mom taught me: "If you can't say something nice, don't say anything at all". Ok here goes....... "I am so thankful our tax dollars pay for our military to defend our country. I feel (3 comments)

fannie mae: Having a name like "AmcAppraisalsinc.com" might just come in handy
- 02/16/09 08:00 AM
There are some new regulations coming down the pike on May 1st - namely the HVCC, or Home Valuation Code of Conduct. The history of the code can be found by clicking HERE. I won't bore you will all the details - but rather sum it up for those not in the know: Upon implementation of the HVCC, lenders will now have to have a "firewall" between the ordering parties of an appraisal and an appraisal office (or person). No more direct ordering from the loan officer or mortgage broker, etc. There are some loopholes in the code and it is (4 comments)

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